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ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause Notice [Read Order]

The Income Tax Appellate Tribunal (ITAT) atAhmedabad, has set aside a revisionary order passed under Section 263 of theIncome Tax Act, 1961 after...

Failure to obtain Mandatory Approval from PCCIT for Notice Issued Beyond Three Years: ITAT quashes...

PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read...

ITAT Weekly Round-up

Section 153D's Institutional Check: How Prior Approval Limits PCIT's Power to Invoke S. 263 in...

Nine-Month Delay in Filing Revised ITR "Too Huge": Delhi HC refuse to Condone Delay [Read Order]

The Delhi High Court has dismissed a petition filed challenging an order that rejected his request to condone a significant delay in filing a revised income tax return. The bench observed that...

Relief for Dabur India: ITAT Rules PCIT Erred in Setting Aside Assessment for Inadequate Enquiry Without Stating AO's View Unsustainable in Law [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that the PCIT erred in setting aside the assessment merely for alleged inadequate enquiries without establishing that the Assessing ...

“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263 in Income Tax Case [Read Order]

The bench of the Income Tax Appellate Tribunal (ITAT), Delhi, upheld the Principal Commissioner of Income Tax’s (PCIT) revision order under Section 263 of the Income Tax Act, 1961, ruling that...

Technical Defects Do Not Invalidate Assessment: ITAT Upholds Validity of Digitally Signed DIN-Based Orders in Income Tax Case [Read Order]

The Bench of the Income Tax Appellate Tribunal, Lucknow, has held that an assessment order issued without certain details such as the assessee’s name, PAN, or assessment year is not invalid if the...

Rectification Order by AO Neither Erroneous Nor Prejudicial, Revisionary Powers Misapplied on Rental Income Issue: ITAT quashes PCIT's Order [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the PCIT's order on the ground that it exceeded the revisionary powers vested in it under Section 263 of the Act. The tribunal...

12 days delay in filing ITR: Delhi HC Quashes order passed in Mechanical Manner [Read Order]

In a recent case, the Delhi High Court has quashed the order passed in a mechanical manner for a 12-day delay in filing Income Tax return (ITR). The court set aside the impugned order dated...

AO’s Comprehensive Scrutiny Nullifies Alleged Lack of Inquiry u/s. 263: ITAT Sets Aside PCIT Order [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai, dealt with the core issue of whether the Principal Commissioner of Income Tax, Madurai (PCIT), was justified in invoking revisionary jurisdiction...